Monday, January 18, 2021

Estimated money laundering by province in Canada

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Money laundering in Canada is estimated to have increased from $37.8 billion in 2011 to $41.7 billion in 2015. That amount has remained at a constant 2.1 percent of GDP for the period, near the lower bound of the IMF 2 percent to 5 percent of GDP rule of thumb.

Source: Combating Money Laundering in BC Real Estate

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